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Thriving Hair & Beauty Salon in Boston, Lincolnshire For Sale

Boston, Lincolnshire

£180,000 +SAV

Ref: 2307 H

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular hair and beauty salon business in Boston, Lincolnshire. The business was established in the 1990`s and has been in our clients` careful ownership since 2007. Only now is the business being offered to the market due to our clients` desire to take semi-retirement. The business operates 5 days per week and generates a turnover in the region of £55,600 per annum, with a gross profit of approximately 84%. The turnover is derived from a variety of hairdressing services and beauty treatments and boasts five hairdressing stations. The business has built up an enviable reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth recommendations. The premises are well-equipped to suit the trade with a spacious contemporary salon area, offering a total of 5 workstations and 2 back washes, as well as a separate beauty treatment room. The property further benefits from a one bedroom self-contained flat to the first floor, which is currently let out to generate further income, but could be utilised as owners` accommodation, if desired. We feel the turnover could be increased by holding a small marketing campaign to highlight the business and the services offered. A new owner could also launch a website to promote the business. This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Freehold

We are advised Freehold.

Hours

The business is open: Monday: ClosedTuesday – Wednesday: 9.00am – 5.00pmThursday: 9.00am – 7.00pmFriday: 9.00am – 6.00pmSaturday: 9.00am – 4.00pmSunday: Closed

Staff

The business is owner run and managed.

Financial Profile

The business generates a turnover in the region of £55,600 per annum, with a gross profit of approximately 84%.

Location

The Salon occupies substantial detached premises, ideally located on a busy road in the town of Boston in Lincolnshire. The business is located on London Road, therefore benefitting from a lot of footfall and passing trade. The business further benefits from free on-street parking to the front of the premises. The property is surrounded by densely populated residential areas, from which the business derives much of its trade. Boston is a small town and port in Lincolnshire, on the east coast of England. As of the 2011 census, the town had a residential population of 35,124. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 4½ miles away in Boston town centre. The area is also well served by the A-roads, with the A16 being within easy walking distance of the property, which links to the vast A-road and motorway networks. Spalding is approximately 11½ miles away and Skegness is 26 miles away.

Premises

Substantial detached premises in a prime trading location, briefly comprising: Ground floor: Main spacious salon area.5 x hairdressing workstations.2 x back bashes.Reception area with electronic cash register and credit/debit card terminal.Seating/waiting area with flat screen TV.Window display unit. Beauty room with treatment bed, cabinets and shelving. Kitchen with single bowl sink unit, boiler, small refrigerator and wall/base units. WC incorporating washing machine and tumble dryer. First floor self-contained flat with: Lounge.Fully fitted kitchen.Double bedroom. External with: Rear yard with external stairs to flat.Gated side passageway leading to rear yard.

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